Wyckoff trading method, page-2283

  1. 3,285 Posts.
    lightbulb Created with Sketch. 5
    Hi Jako,

    Sorry for my non Wyckoff comments, but I'm seeing MND simply hit old resistance. I believe stale holders (bloody long time) may be taking the opportunity to finally offload their positions. The widespread up bar on October 30 didn't encounter much volume which makes me think it didn't contain excessive selling. Could also be an accumulative technique to race it over resistance sucking in breakout traders only to let it sink back rapidly and pick up the stop losses. Same can be seen at the previous resistance level with that wide spread down bar.
    2017-11-16 18_56_27-NVIDIA GeForce Overlay.png
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.